Herbert Smith has released an updated version of its guide to dispute resolution and governing law clauses in India-related commercial contracts, to take account of recent developments in the legal landscape.
In India-related commercial contracts, dispute resolution and governing law clauses need to be tailored to reflect the nuances of the Indian legal system. Model form clauses which are perfectly effective in other jurisdictions may not (without amendment) work satisfactorily in the Indian context. A party to an India-related agreement containing a non-India specific dispute resolution clause may find itself – contrary to its expectations and intentions – embroiled in lengthy litigation before the Indian courts.
In response to the need for guidance on such clauses, Herbert Smith's guide provides a practical introduction on the nuances of drafting dispute resolution and governing law clauses in the Indian context to in-house counsel who handle India-related commercial contracts on behalf of non-Indian companies. .
The publication focuses in particular on what works and what does not, traps to avoid and sensible drafting solutions. It is divided into two sections:
- the first sets out five key principles to consider when drafting dispute resolution clauses; and
- the second sets out a general approach for non-Indian parties to consider when drafting governing law clauses and highlights the restrictions on the choice of governing law.
The guide is helpful as a framework for finding workable solutions, deciding when to compromise and when to stand firm, and spotting when an issue has arisen on which advice is required.
Click here for an electronic copy of this publication. To order a printed copy, please click here.